All articles by Alec Mattinson – Page 139
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NewsDamp weather slashes retail footfall in April
Retail footfall in April plunged by 3.3% year-on-year as the wet start to the month hit shopper numbers across the country, leading to the worst two-month figures since the depth of the recession in 2009.
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NewsMedia Bites: Poundworld, Walmart, Amazon, Waitrose
The US private equity owner of Poundworld has put the chain up for sale as TPG has hired accountancy firm Deloitte to find a buyer by the end of the month.
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NewsCity News: Morrisons continues stellar recovery
Morrisons may be at risk of becoming the odd one out as the big four morphs into an effective duopoly, but the Bradford-based grocer continued its stellar recovery this week, suggesting it remains more than equipped to succeed on its own.
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NewsShort sellers cut losses after Sainsbury's/Asda tie-up
Publicly disclosed information by the FCA showed a total of 11.2% of Sainsbury’s shares were on loan before the announceme…
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NewsFood and drink deals down despite 'good M&A environment'
Levels of UK food and drink dealmaking slumped to their lowest since 2014 in the first quarter, but the environment remains conducive for more M&A in the sector, according to a Grant Thornton report.
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NewsTesco CEO Dave Lewis’ pay up 17.5% to £4.9m
The annual pay packet of Tesco CEO Dave Lewis rose 17.5% last year to £4.9m as the award of shares worth £971k boosted his earnings.
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NewsWaitrose shed more than 3,700 staff last year, accounts show
Overall average headcount reduced by 6.6% from 56,330 in 2017 to 52,590 last year
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NewsMcKenna insists Walmart is committed to UK despite Asda sale
‘We no longer feel the need to own a business outright in order to enjoy a benefit’
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NewsInitial Sainsbury's-Asda City euphoria calms
Bigger equals better for the City as Sainsbury’s share price rocketed to its highest level for almost four year
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NewsLRS sees 6% UK sales fall after Lucozade Energy reformulation
Newly filed accounts for LRS for the 12 months to 31 December 2017 show a drop in annual sales from £445.1m to £418.4m
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NewsCity snapshot: Grocery inflation rises as soft drinks prices spike
Supermarket price inflation rose again last month as the advent of the ‘sugar tax’ caused a spike in the price of soft drinks. Plus, packaging group Smurfit Kappa Group posts underlying first quarter growth of 7%, Kellogg’s organic net sales rise 0.6% in Q1 and all the rest of the latest news from the City.
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Analysis & FeaturesSoft drinks levy reverses trend of declining inflation
A spike in soft drinks prices since the Soft Drinks Industry Levy came into force on 5 April has pushed up the GPI
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NewsSainsbury’s shares surge on Asda deal confirmation
Sainsbury’s shares have hit their highest level for almost four years this morning, surging 15% on the news that the UK’s second and third largest grocers have agreed merger terms.
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NewsSainsbury's posts underlying sales and profits rise but warns over banking arm prospects
Sainsbury’s has reported a rise in annual sales and underlying profits last year, but the group warned a “significant” drop in banking profits will hit earnings in its 2018/19 financial year.
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NewsPip & Nut secures £1m from angels to fund growth plans
The new investment will fund a renewed marketing push and significant NPD
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NewsHill Biscuits records loss despite 11.7% sales rise
Newly filed accounts to 31 December 2016 show sales edged up 0.5% to £19.1m
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NewsYo Sushi looks to expand into retail and food-to-go with Taiko
The purchase will help underpin Yo’s shift from restaurateur to a multi-brand, multi-format food group
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NewsCity reacts as Whitbread announces Costa spin-off
One of the City’s longest-running sagas was finally settled this week
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NewsPricing drives first quarter growth at CCEP as volumes slide
UK Coke bottler Coca-Cola European Partners has reported a 1% organic growth in sales despite the cold weather and “customer challenges” causing a 2.5% slip in volumes.
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NewsWholesaler Nila fails with loss of 29 jobs
The £17m-sales wholesaler, based in Southall near Heathrow, was established in 1994